Us-Iran De-escalation After Significant Escalation | Daily Trade Watch

In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we examine Us-Iran de-escalation after significant escalation.

Just to recap, Trump authorised the assassination of a top Iranian General. Iran then threatened the US with extreme retaliation and they attacked US military bases in Iraq. Afterwards, Trump made a statement that seemingly backed away from Iran after a somewhat harmless attack.

With all of this in mind, we refer to the chart and see the significant reversal moves in the Gold and Oil markets. As a result, if we see Gold prices break below yesterday's low of 1550 then we identify this as a high probability trade to the downside. It is the same situation for the Crude Oil market. If prices break below 59.20 then we would expect prices lower. However, these markets are so volatile at the moment so please practice effective risk management.

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